Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd’s consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust growth in key categories. The fast moving consumer goods (FMCG) company reported a net profit of Rs 646.6 crore on July 24, missing Street estimates,…